🔥 Bitcoin's Secret Pattern: Guess What Will Happen!
Bitcoin's long-term price action is following many patterns, one of them is seen on the Monthly RSI.
As seen on the chart, the monthly RSI is following a very clear channel in which is oscillates. Bitcoin tops at the top of the channel and Bitcoin bottoms at the bottom of the channel. Trading this pattern has resulted in traders buying the general bottom and the general top.
Since the monthly RSI bottomed in December 2021, it has been steadily moving up. What will happen next you might think?
I think that the RSI will likely continue to move up. This doesn't mean that BTC will rise in a straight line like the 2015-2017 bull-market, but the long-term trend has been established.
When solely looking at this chart, we can also make a speculation on the time where BTC will top. Seeing that the previous bull-market top to bull-market top took 49 and 47 months, we can speculate (based on this analysis alone) that Bitcoin will see a market top somewhere between October 1st and December 31st 2025.
Agree with this analysis? Share your thoughts 🙏
As seen on the chart, the monthly RSI is following a very clear channel in which is oscillates. Bitcoin tops at the top of the channel and Bitcoin bottoms at the bottom of the channel. Trading this pattern has resulted in traders buying the general bottom and the general top.
Since the monthly RSI bottomed in December 2021, it has been steadily moving up. What will happen next you might think?
I think that the RSI will likely continue to move up. This doesn't mean that BTC will rise in a straight line like the 2015-2017 bull-market, but the long-term trend has been established.
When solely looking at this chart, we can also make a speculation on the time where BTC will top. Seeing that the previous bull-market top to bull-market top took 49 and 47 months, we can speculate (based on this analysis alone) that Bitcoin will see a market top somewhere between October 1st and December 31st 2025.
Agree with this analysis? Share your thoughts 🙏
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